Economic Restructuring means finding a new purpose for Newton’s downtown enterprises. By helping existing downtown businesses expand and recruiting new ones to respond to today’s market, the Main Street program helps convert unused space into productive property and sharpen the competitiveness of business enterprises.
Meeting Schedule: The MSN Economic Restructuring TEAM meets on the third Wednesday of each month at 5:00PM at the office of Main Street Newton in downtown Newton.
Economic Restructuring TEAM Members: Santo A. Milici(Leader) Terence Wynne, Kristi Becker, John Eskilson, Jonathan Andrews, Ken Buffin
Economic Restructuring TEAM Projects: Creating an environment on Spring Street where building owners will want to improve their buildings to reap the full benefit of the Main Street designation. On going project is a complete listing of every property within the Main Street Newton’s District. A sample is provided below, unfortuinately the photo graph is too large of a file and does not come up. If any one is interested in this building please do not hesitate to contact the agent Mr. I. Krivit as listed below.
Newton Building Inventory
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Inspection conducted by: |
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Building address: |
124 Spring Street, Newton NJ |
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Owner/contact name, address and phone: |
Ira Krivit, 917-913-3400 |
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Building Photograph |
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Date Photo Taken: March 2008 Photo By: Ira Krivit |
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Building Information |
Square Feet |
Use/Tenant |
Rent |
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Full Building |
8,888 |
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Ground Floor |
2,222 |
Retail |
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Upper Floors -2 |
2,222 |
2- Residential Units |
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-3 |
2,222 |
2- Residential Units |
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-4 |
2,222 |
1-Residential Units |
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Assessment Ratio |
Size |
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Building |
303,500 |
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Land |
102,300 |
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Total |
405,800 |
Newton Building Inventory – Page 2
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General Information |
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Tax Assessment Year: |
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Resource Number |
(for National Register): |
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Map / Parcel: |
Block 711, Lot 22 |
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Zoning: |
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Annual Taxes: |
$20,000+ |
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Insurance Premium: |
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For Sale: |
Yes: Owner is willing to provide 90% Financing |
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For Rent: |
No. Property to be sold in its “As-Is” Condition. |
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Realtor / Contact: |
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Building Construction: |
1880 |
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Building Alteration: |
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Existing Use: |
1 Retail Unit, 5 Residential Units. |
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Past Use: |
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Proposed Use if Vacant: |
Ground floor has been a retail space. Upper floors have five (5) residential units laid out. |
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Construction Type: |
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Brick Bearing Wall |
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Concrete Block |
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Brick Veneer |
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Wood Frame |
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Concrete Structure |
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Steel Structure |
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Stone |
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Other |
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Condition |
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Good |
Fair |
Poor |
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Good |
Fair |
Poor |
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Roof |
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Doors |
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xxx |
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Gutters |
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Interior |
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xxx |
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Ext. Walls |
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XXX |
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Plumbing |
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XXX |
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Storefront |
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XXX |
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Heating |
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XXX |
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Windows |
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XXX |
Air Cond. |
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XXX |
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Additional Notes: |
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Property is a 4-story, mixed-use property on the main retail corridor of Newton, NJ. The subject property is a corner property and includes 1 retail space and 5 apartments. The property is in need of a gut-rehab, estimated to be $250,000+ and will be delivered vacant.
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